Why employees will continue to pay no income tax in the UAE
The UAE has long been a favourite destination for foreign workers, attracted by the country’s tax-free salaries and lower cost…
Regulation, Risk & Compliance
8931 articles found
AML UAE launches Anti-Money Laundering Consulting Services in UAE
AML UAE has launched Anti-Money Laundering Compliance services in UAE to help Financial Institutions and Designated Non-Financial Businesses and Professions…
Dubai, Monaco sign agreement to attract ultra-wealth individuals
Government-owned Dubai Multi-Commodities Centre, or DMCC, has signed an initial agreement with Monaco Economic Board in a bid to attract…
Bahrain's Al Salam Bank agrees to acquire Ithmaar's retail banking business
Bahrain’s Al Salam Bank has agreed to acquire the consumer banking portfolio of investment firm Ithmaar Holding, according to a…
The Saudi Central: Electronic payments to individuals exceed the target
Today, Thursday, the Saudi central bank announced that the share of electronic payments in the retail sector – private (retail…
Turkey Wants Telecom Giant’s Shareholder Banks to Finance Buyout
Turkey has approached banks holding a majority stake in the country’s telecom giant to finance a planned buyout of the…
Dubai DFSA slaps $136mln fine on Abraaj Group founder Arif Naqvi
The Dubai Financial Services Authority (DFSA) has imposed a 497.86 million dirhams ($135.5 million) fine on Arif Naqvi, the founder…
UAE introduces new Articles of Association
In accordance with Reg.184.7 of DMCCA Company Regulations 2020, new Articles of Association (AOA) were introduced, commonly known as the…
OECD to launch global report on pensions from Bahrain
The Organisation for Economic Co-operation and Development (OECD) will launch its bi-annual international pension report “Pensions at a Glance 2021”…
Abu Dhabi issues new family business ownership governance law
Sheikh Khalifa bin Zayed Al Nahyan, the UAE President and Ruler of Abu Dhabi, has issued a new family business…
Open Banking Exchange launches in Saudi Arabia
This announcement comes twelve months after the Saudi Central Bank (SAMA) announced its open banking policy, designed to support Vision…
Kuwait's parliament approves Credit Bank capital hike
Kuwait's parliament on Tuesday unanimously approved a legislative amendment to increase by 300 million dinars ($993.31 million) the capital of…